The CFPB is the first regulator off the block in issuing guidelines on the use of AI tools in credit writing and indicating controls that need to be in place to protect consumers. In Episode 3, Meghan Stoppel and Hannah Cornett discuss what the CFPB’s guidelines mean, not only for lenders, but also for other businesses using AI or predictive algorithms in their business operations. They speculate that other policymakers may follow suit and offer practical advice both for companies that are subject to the Bureau's authority as well as those in other industries.
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